Due to the break up of my relationship with a partner and a spell of unemployment, I have gone into arrears totalling #5949.12.(posted 8618 days ago)I am now in employemnt and offered, when taken to court over the arrears,to pay the normal monthly repayments and an additional #100 for the arrears. I have done this for the last few months. But it has caused me to get into debt with other debtors.
I have put the house for sale at a price which will not only pay off the Building society's total debt, but also provide me with some capital.
I now have purchaser for the full asking price and have progressed through the initial stages of selling. i.e. exchanged solicitors and had the survey of my property. The sale is expected to complete before the end of November.
To reduce my debt problems. I have written to the Abbey National asking them if I could pay #400 per month instead of #688 until the sale completion.
Their Solicitor has written to me stating my proposal is unacceptable and that unless the shortfall of #288 per month is paid and kept up, they will issue a Warrant of Possession.
However, they have acknowledged the sale situation and asked me to keep them informed.
What can I do to avoid this and maintain payments of #400 till completion?
Jason